Payday Loans in Moab, Utah

Events happen, and we often wind up in a situation where we have to pay for some unforeseen costs. Think about submitting an application for a payday advance loan in Moab, Utah, to see if you are eligible.

The loan process is swift and painless. To be qualified, you have to meet a few basic criteria.

What is a Payday Advance Loan? What Can It Cover?

A payday loan is where the borrower will receive a small sum of cash on a short-term basis. This is deemed to be an unsecured loan due to the fact that no collateral is required.

When surprise expenses come up, for example missed rent or utility costs, car costs, health or vet bills, and so on, people commonly seek out cash advance loans.

Payday Loan Criteria In Moab, Utah

In Moab, Utah, payday advance loan borrowers need to meet several requirements to qualify for a loan.

The borrower must:

• Prove that they are a resident of Moab, Utah
• Must be 18 years of age
• Have a steady stream of income that they can prove that's at least $1,000/month
• Provide current contact information like phone number and email address
• Provide their social security number

If a borrower does not satisfy the above requirements, they will immediately be denied a payday loan. Ensure that you have the documentation required when submitting your application.

Laws and Regulations Regarding Paycheck Advance Loans in Moab, Utah

The State of Utah has deemed payday lending legal. Still, they have created the below rules and laws for the cash advance lending market:

• A single lender can't offer a loan greater than $600. Borrowers are not allowed to have more than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Utah, borrowers are unable to rollover their loans.
• The fees and charges vary for each lender. The service costs charged by lenders on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
• An interest rate is required to be mutually settled upon. APR can be as high as 369%.

Will Payday Advance Lenders in Moab, Utah, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will complete a credit check on you, still, even if you have no credit or bad credit, you may still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are commonly unconcerned about your credit history if you have proof of income and a plan to repay the loan.

Lenders will use a soft credit check, which will have no impact on your credit score. This is simply to get a feel of your credit history and general information.

A hard credit pull, dissimilarly, requires your permission. These credit pulls are performed for a variety of purposes, including mortgages, credit cards, and more.

You might still qualify for a cash advance loan with imperfect credit in Moab, UT, if you have proof of repayment.

Therefore, when you apply, albeit in person or online, ensure that you have your income information easily accessible and any other documents verifying that you can repay the loan. The more proof you possess, the better chance you are to be approved.

When Will I See My Loan in Moab, Utah?

When you get your loan really depends on the lender as some lenders advertise same-day cash advance loans, which means you will see your cash advance loan on the same day you request a loan, as long as you get an approval.

Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you may not get your loan until Monday.

If you're searching for a same-day paycheck advance loan in Moab, Utah, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your loan on the same day that you apply.

One more consideration that you should know is even if the money lender approves your application and posts the loan to your bank account, occasionally the bank won't release that loan at that time. It's vital that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the deposit earlier.

Overall, it's wise to prepare in advance to receive your loan on the next business day. That way, you're not out of luck if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you possess less than great credit or no credit and are looking to get a payday loan, consider applying through us, as you probably have a better chance of approval.

We partner with hundreds of different lenders who provide their services online. Most of the time you will see your cash on the following business day so make sure that you plan correctly.

However, you can always locate the nearest paycheck advance loan storefront to you and apply in person to boost the chances of seeing your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so take along a utility bill to the store too.

To locate the nearest cash advance loan store, please refer to the list below and find your city.

Payday Loan Direct Lender Companies in Moab, UT

Below you will find a list of payday loan companies offering their services in Moab, Utah. If you can't find a lender near your location in Moab, consider applying in a nearby city in Utah. Alternatively, you can apply online on our website and get a decision almost instantly.